Job Information
Scotiabank Director, Global Benefits (Contract - 15 months) in Toronto, Ontario
Director, Global Benefits (Contract - 15 months)
Requisition ID: 199072
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
What you'll be doing.
Provides strategic direction and leadership for employee health, wellbeing and leaves, aligned with the Bank’s talent, financial, and inclusion strategy
Is this role right for you? In this role you will:
• Direct the research, design and development of the Bank’s benefit programs globally, consistent with the Bank’s business and total rewards objectives, with particular focus on cost management, wellness, emerging industry trends, market competitiveness and legislative requirements.
• Lead employee communications for all benefit initiatives to support engagement of employees and encourage appreciation and appropriate utilization of the benefit plans.
• Develop and maintain global benefits governance framework, addressing design, governance, funding and operations of the Bank’s Global benefit plans including multinational pooling opportunities and regional broker agreements.
• Champion the Bank’s wellness strategy in Canada and around the world. Lead the development of initiatives, programs and policies that support physical and emotional wellness and healthy employees.
• Direct the actuarial and financial oversight of benefit programs and policies globally to ensure relevance and alignment with the Bank’s priorities:
• Work in collaboration with external vendors and internal counterparts within finance to establish and monitor the cash funding and financial reporting policies and governance processes for the Bank’s benefits programs globally.
• Oversee the preparation of actuarial valuations by external consulting staff.
• Direct the financial analysis of benefits for new, existing, or other initiatives (such as mergers, acquisitions and divestitures).
• Manage underwriting arrangements and related renewals with external providers and set price tags and premiums for flexible plans for annual/biannual re-enrollment processes.
• Look for opportunities to consolidate, streamline, and expand existing programs/policies to drive operational efficiency and economies of scale.
Do you have the skills that will enable you to succeed? We'd love to work with you if you have:
• University degree in math, finance, business or comparable subject matter.
• 8+ years of relevant leadership experience resulting in expert knowledge of design, pricing, funding and accounting of global active and retiree benefit arrangements.
• Excellent written, verbal communication and presentation skills in order to clearly summarize and effectively share complex information with diverse audiences.
• Strong knowledge of Canadian federal/provincial benefits & tax legislation.
• The ability to work independently and as part of a team, including the ability to build close working relationships with a large number of individuals across the Bank and among external advisors and regulators.
• Knowledge of post-retirement benefits funding and accounting, including International Financial Reporting Standards (IFRS).
• FCIA and/or FSA would be an asset.
What's in it for you?
The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers
A rewarding career path with diverse opportunities for professional development
Internal training to support your growth and enhance your skills
An inclusive working environment that encourages creativity, curiosity, and celebrates success!
This is a temporary, full time role till Sep 2025.
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.